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99. While working for a broker, a sales associate acquired a listing for $298,900 at a 6% commission rate. A second sales associate, who works for another brokerage office, found the buyer for the property. The listing and selling brokers agree ro a 50-50 split between the two offices. The property sold for $296,000. The selling broker kept 45% of the commission received by the selling office. How much did the selling office’s sales associate receive?

41. Which term describes a strip of land that separates residential homes from commercial development?

61. What is the description of the township located due south of T3N, R2W?

33. Which feature applies to the lender’s (mortgagee) title insurance policy?

86. Which statement regarding state intangible taxes on new mortgages is TRUE?

81. Which legal procedure is used to determine a fair price in an eminent domain action?

87. Which valuation product requires the services of a licensed or certified appraiser ?

89. A contract for sale and purchase stipulates that the seller will pay for title insurance. The contract further states that the seller will choose the title insurance company. Which statement applies to this situation?

78. Which document must a prospective buyer of an existing (resale) condominium unit receive?

54. A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is called